DUBLIN--(BUSINESS WIRE)--The "Global Biometric Sensor Market - Forecasts from 2018 to 2023" report has been added to ResearchAndMarkets.com's offering.
Global biometric sensor market is projected to witness a CAGR of 11.49% during the forecast period to reach a total market size of US$1,831.088 million by 2023, increasing from US$953.627 million in 2017.
A biometric sensor uses a person's behavioral or physiological characteristics for authentication purposes. These characteristics includes fingerprint, face, keystroke, signature, and DNA among many others. The major factors driving the demand for these sensors are increasing adoption of electronic attendance in workplaces globally, rising smartphone sales, and security concerns leading to the installation of state-of-the-art biometric systems. However, low awareness of these sensors in developing countries might restrict the growth of this market during the forecast period.
Europe held a significant market share owing to continuous development of state-of-the-art security solutions coupled with high adoption of these sensors. The Asia Pacific and South American region are projected to witness impressive growth over the forecast period.
Major industry players profiled as part of the report are HID Global Corporation, Infineon Technologies AG, Integrated Biometrics, NITGEN CO., LTD., and NEXT Biometrics among others.
The global biometric sensor market has been analyzed through following segments:
By End User Industry
- Consumer Electronics
- Security and Surveillance
- Aerospace and Defense
- HID Global Corporation
- Infineon Technologies AG
- Integrated Biometrics
- NITGEN CO., LTD.
- NEXT Biometrics
- IDEX ASA
For more information about this report visit https://www.researchandmarkets.com/research/477g76/global_biometric?w=4